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boehner -- house speaker john boehner seems to be offering the first olive branch. >> reporter: they brought some defeat for republicans and they need to keep it inside the house and now he is tolling do -- willing to do a little more deal making with president barack obama. house speaker john boehner suggested for the first time a framework to avoid massive spending cuts and tax increases which kick in, in less than two months if congress does not act. >> they are willing to accept some additional revenues via tax reform. >> they have insisted they are willing to okay some tax increases on wealthier americans to avoid the fiscal cliff, and now the president is having his first presidential briefing at the white house this morning and there is some speculation today he could hold a news conference today. reporting live, allison burns, ktvu channel 2 morning news. >>> sad story, a student oakland has died in a fatal atv crash. he apparently hit a tree near corvallis. he was visiting friends and he went out riding yesterday at 4:00 an. the investigation is continuing as to whethe
is expected to give congress about how to avoid that so-called fiscal cliff. also this morning, john boehner will be holding his own news conference. that one is at 8:00. he's expected to sell us the republican position about avoiding that cliff. boehner said he's "the most reasonable guy in washington." he believes he can find common ground with the president. >>> 7:04. they are still counting votes in florida from tuesday's election. but mitt romney's top campaign official in florida now says president obama will win the state. president obama leads romney in florida. the romney campaign in florida says it only expects the president's lead in the state to grow as more ballots are counted. president obama won the election even without florida's 29 electoral college votes. >>> schools are scrambling to readjust their budgets after the passing of the proposition in california. schools will receive $14 billion more over the next four years than they would have if the measure had failed. high-earning californians may have to recalculate their budgets. under prop 30, people making more than $250
john boehner even spoke. >> john boehner were nice but the words were still very much the words of this past summer. when the gop was not going to be looking at certain types of tax increases for the wealthy without some type of corresponding offsets. like home mortgaging which is the third real of american tax politics right now. we will see. the words are good, mitchell, was not quite so good. but i think that it would be to them to see if they could go forward and make a deal with the fiscal clip. o'connell also perhaps not quite so good. >>catherine: and perhaps you would have a lot of of the easier pat for this next term? >> if the opponents are smart they could use the hurricane sandy to deal with some how package that with the defic debt ceilin and move this quickly forward and out of the way it could save everybody's face moving forward. we will see if they're that smart. ysidro depending on who you talk to into people are blaming and what people are blaming you. talking about the republicans. again, how much of this would you say is mitt romney or the party not reaching
more taxes. >> you saw house speaker, john boehner, there and he called the taxes a job killer. >> hurtful consequences of the fiscal clip come from increasing tax rates. ernst and young, raising the top rates would destroy nearly 700,000 jobs in our country. >> you would think there was a huge gam here, but what the budget report says is extending the bush era tax for everyone, what the republicans want, would create 8.1 million jobs, and increasing taxes on people making $250,000 a year would lower taxes for everyone else, but boost the gdp by 3% and create 6 million jobs. and the president said that's a 1 point difference, but conservatives say that that translates into a lot of jobs, and it's a big deal. we'll come back to you. >> all right, take a look outside and it looks nice right now, but it's wild weather around the bay area. rain and wind and even snow in the area overnight. looking at the hail that came down in the east bay, france, lightning knocked out power to an entire neighborhood. and amy has more. >> we're at 24th and fountain perfect a lot of people were wok
. president obama has talked with the top four leaders in congress, including republican house speaker john boehner. boehner said yesterday his party would consider tax increases under the right circumstances. he sent a tweet this morning to that effect. republican party needs to regroup after mitt romney's loss. veteran republican strategist wallace says the gop does need to change. >> what happens at this juncture is the same we talk about a war in the republican party between moderates and conservatives. that's an irrelevant and outdated debate it about is modernizing the language -- >> reporter: harry reid sounds ready to compromise saying in a news conference yesterday it is better to dance than to fight. "good morning america" will have more on the fiscal cliff, coming up at 7:00. tonight diane sawyer has an interview with john boehner. katie marzullo, abc7 news. >>> >> traffic and weather together next. >>> live look outside from the embarcadero looking at the bay, a lot of clouds, clear skies not going to last long that system mike has been warning us about is here how rain will aff
. for (cheers & applause) >> house speaker john boehner is also willing to be flexible. >> everything. from a revenue side and on the spending side has to be looked after. >> everything except tax hikes for the rich. that will slow down our ability to create the jobs that everybody says they want. >>pam: john boehner offered an alternative. >> it is clear that there are a lot of special tax hall loopholes. and it is also clear that there are several types of deductions deductions some of which makes sense some of which cannot. >> some of us have heard fiscal cliff but what does it really need? if what is that really mean catherine heenan. >> the fiscal cliff. >> the fiscal cliff. >> building fiscal cliff. >> congress created the fiscal cliff to force yourself to do with the national debt is the worst- case scenario in case there is no agreement on cutting spending and raising revenue. if there is no agreement by the end of the year there will be $55 billion a/with 10 percent from each program and another $55 billion from non-defense programs. air travel safety, food safety and medical payme
. >>> john boehner has scheduled a news conference this morning. his will begin at 8:00 and is expected to outline the republican position on avoiding the fiscal cliff. he says he is the most reasonable guy in washington and believes he can find common ground with the president. >> i'm really proud. [cheering and applause] >> president obama got a little emotional wiping away tears as he thanked his campaign staff and volunteers at the chicago headquarters the day after winning the election, the president's campaign released this video. >>> 7 navy sales accused of leaking classified information are in hot water. military officials say the seal has provided secret information to the makers of one of the hottest video games, the punishment handed down and the local connection to the story coming up at 4:45. >>> drivers will have to stay patient going through what many call the worst interchange, the 280/880 interchange, they will add another the route into valley fair from 880 and there will be a flyover ramp, the $62 million project should be finished by early 2015. >>> 4:37 is the time.
fiscal cliff. and john boehner will hold his own news conference. that begins at 8:00. he's expected to lay out the republican position on avoiding this fiscal cliff. boehner says he is the most reasonable guy in washington and he believes he can find common ground with the president. >>> they're still counting votes from tuesday's election but mitt romney's top campaign official is saying president obama will win florida. president obama leads mitt romney in florida, 49.9% to 49.3%. the romney campaigns says it expects the president's lead to get bilgier as more of the votes are counted. president obama was reelected without florida's 29 electoral college votes. >>> back over to sal who's checking in on the south bay right now. >> that's right and in the southeast bay we've had rain and just some drizzle and we can see it on this picture i'm going to show you, 237 is a little bit wet there and as rosemary had said a cell moved through and you could give yourself extra time. one of the biggest things that gets people in trouble is stopping distance, you're driving along, something ha
crow ate jobs for americans. >> john boehner drew a line yesterday, no tax increases for small business. very interesting. thank you, rebecca. >>> more than 120 million americans voted for a president this year but now a much smaller group of people are deciding the government for china. bill whitaker is in china with that story for us. good morning. >> reporter: good morning, norah. tightly held behind closed doors. unlike the u.s. the chinese people don't have a say. but they're making their voices heard just the same. everything about the 18th party congress is big. beijing's great hall of the people, more than 2,000 delegates, the communist elite carry the enormous weight and pride of history and chiennachina's boundless hope ss for the future. increasingly the hopes of 1.3 billion people clash with the one-party state. by some estimates there are 500 protests in china every day over corruption. last week in the central coastal city, huge protests over the expansion of a petro chemical plant. communist officials say it was good for the economy. 10,000 ang
. republicans want us to work together. >> reporter: and house speaker john boehner opened the door to higher taxes. >> good evening, everyone. for the purposes of forging a bipartisan agreement that begins to solve the problem, we're willing to accept new revenue under the right conditions. >> reporter: conceding his loss, mitt romney called for compromise. >> at a time like this, we can't risk partisan bickering and political posturing. our leaders have to reach across the aisle to do the people's work. >> reporter: how did the people of america reject romney? one reason is our population has changed. a smaller share of whites voted, down to 72% of the total. more minorities voting, more young people. changes that favor democrats like barack obama. he reached out last night to romney backers. >> and whether i earned your vote or not, i have listened to you. i have learned from you. >> reporter: some republicans say they better learn from an election that gave barack obama four more years. bipartisanship will get an immediate test. the dreaded fiscal cliff, automatic across-the-board tax hik
doesn't have to be a fight. >> reporter: republicans are keeping control of the house and speaker john boehner is standing his ground. >> you know, the american people this week didn't give us a mandate to simply do the simple thing. they elected us to lead. they gave us a mandate to work together to do the best for our country. >> reporter: both parties will have to compromise by the end of the year to avoid the so- called "fiscal cliff." if they don't, the country faces a rollback of tax cuts as well as big cuts to defense and social programs. and there will be little time for the winners to celebrate. next tuesday, congress convenes and the top discussion will be on that "fiscal cliff." at the white house, tara mergener cbs 5. >> mitt romney and his wife left their boston hotel this morning. their future is uncertain. romney spent the past six years running for president. what's next? the initial plan is to spend time with family. but his wife recently said he will not run again for president. there is april general consensus the 65-year-old politician was unlikely -- there is a gen
. >> house speaker john boehner also spoke today. he said this is president obama's moment and his chance to show he can lead congress to a bipartisan solution. >>> it is a flat out no comment so far from redwood city electronic arts after news one of its video games may cost one of its members s.e.a.l. team 6 team's their job. they were paid to help design those games, right? >> i'm he going to tell you right now, that's not unusual. i've met with video game designers for almost 20 years now. at those meetings you often meet with military consultants who help them. in fact, the army has its own video game designed by the army. the problem with this new video game, medal of honor war fighter, is the consultants were navy s.e.a.l.s., special forces. they're supposed to be far more secret. the defense department has told news agencies that several members of the team, including one member who participated in the killing of osama bin laden, have been officially reprimanded for revealing secrets to the game maker. in the military, that can be a career killer. secrets are relative. just explai
of communication between the president and the house speaker john boehner. >> i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. >> everyone wants to get our economy moving again. everyone wants to get more americans back to work again. >> reporter: could this be washington code for a real compromise? political science expert max neimann says that's exactly what it is. >> and there's a kind of dance taking place in which each side wants to portray itself as the one that is reasonable. >> reporter: that could be tough on capitol hill. today the president promised to veto any deals that include tax cuts on people making more than $250,000 a year a move republicans say will only cost more jobs. >> if we're serious about reducing the deficit, we have to combine spending cuts with revenue. and that means asking the wealthiest americans to pay a little more in taxes. >> according to the ernst & young raising the top rates would destroy nearly 700,000 jobs in our country. >> reporter: while the president and the speaker are at odds over income taxes on wealthier ame
. >> reporter: house speaker john boehner reiterating his plan. the speaker saying he's unwilling to raise taxes but is open to new revenue by eliminating some tax deductions and loopholes. >> by lowering rates and cleaning up the tax code we know we're going to get more economic growth. it'll bring jobs back to america. it'll bring more revenue. >> reporter: with their starting points for negotiations defined both parties agree a deal must be reached or the economy will fall back into recession. >> i was encouraged to hear speaker boehner agree that tax and revenue is a priority. >> reporter: in washington, nicole collins fox news. >>> more details on that so called fiscal cliff. without action bush era tax cuts would end. including the child tax credit and earned income tax credit. billions of the dollars in automatic spending cuts would kick in including money for education, food inspections and air travel safety. >>> the dow industrials closed up four points the nasdaq gained nine. but for the week, both of those indexes ended more than 2% lower. >>> the unexpected resignation of cia direct
and center in these talks with speaker john boehner. >> all right. chuck todd at the white house this morning, thanks. john meacham is a pulitzer prize winning historian and author of the new book "thomas jefferson the art of power." good morning. >> thank you, sir. >> tell me about what's going on in washington right now. everyone is saying the right things. president obama said a couple days ago i'm looking forward to reaching out and working with leaders in both parties to meet our challenges. john boehner said we are ready to be led. is this just honeymoon talk or do the american people have reason to believe things might be different in a second term? >> a lot of it's honeymoon talk. this is the natural result. the president wants to appear magnanimous in victory. the speaker, whose party just lost, wants to be clear that practically he understands that the country voted for an incumbent president as opposed to the nominee of his party, so it behooves him at this point to make the right noises. but it's still friday. sometimes bipartisanship in washington is a little like what mark twain
's debt crisis. but speaker john boehner told house republicans that after last week's election the mandate from the american people is to work together even if it means additional revenues through tax reform. meanwhile bill kristol, editor of "the weekly standard," seemed to cave in on the president's demand that wealthy people pay more. >> you know what? it won't kill the country if we raise taxes a little bit on millionaires. it really won't, i don't think. really? t >> reporter: the president begins making his case this week. what's different this time is that administration officials are already suggesting to congress that mr. obama is willing to let the deadline pass, let tax rates go up, and spending be cut if he can't get the deal he wants. norah, charlie? >> wow. bill plante in washington, thank you. >>> later this morning we'll ask conservative activist grover norquist if republicans are backing away from his no tax increase pledge. >>> two weeks ago today superstorm sandy battered the northeast. more than 100,000 homes and businesses still have no power. most of them
burns reports from the washington, d.c. newsroom that house speaker john boehner seems to be offering the first olive branch. alison n. >> alley -- alison? >> reporter: house speaker john boehner was able to hold onto the majority in the house. there are some tynes from him that he might be able to and willing to strike some more deals with president obama. speakser boehner suggested for the first time a framework -- speaker boehner sucked for the first time a framework to avoid the massive spending cuts and tax increases that will kick in this less than two months if congress doesn't act. >> because the mesh people expect us to find common ground, we're willing to accept -- and extend the olive branch. >> reporter: president obama is getting his first post election presidential briefing this morning. reporting live from washington, d.c., alison burns, ktvu channel 2 news. >>> 8:16. here's some good news. tuition will be reduced for california state university, now that voters passed prop 30. csu said they were able to avoid a $250 million mid-year budget cut. so it will rescind a $2
moment. >> reporter: house speaker john boehner indicated a new willingness to work with the president. >> we want you to succeed. let's challenge ourselves to find the common ground that has eluded us. let's rise above the dysfunction and do the right thing together for our country. >> reporter: but can the speaker make deals with the white house and still satisfy tea party republicans. >> i'm not sure i see that changing over the next few years. >> reporter: usf political analyst, david latterman says republicans are at a cross roads. either continue to stone call -- >> or do they get the message that a lot of people don't want that, and there is room for compromise, and they do come to some accommodation on a couple things. >> reporter: diana feinstein says there's hope. >> we have to find some ways to use that word, which some are disdainful of berks you which i see in an enormously confident sense, and that word is compromise. >> this isn't something that i'm going drawing lining in the sand. he's not going to draw any lines in the sand, i don't believe. >> reporter: compromise ma
last night that includes house speaker ran john boehner. he says his party is willing to consider tax increases only under the right circumstances which include fewer tax loopholes and simpler, fairer tax code. right now all sides are laying out opening arguments for negotiations that are to come. they need to avoid severe and automatic government spending cuts and tax hikes that will take place january 1st. those cuts and hikes total 800 billion dollars. in the bay area there's hope president obama's reelection will bring amick boost especially in the silicon valley. with health care behind him the tech industry feels the president can turn his attention to jobs, housing and clean technology. katie marzullo, abc7 news. >>>s did are trying to determine how badly hurt an 11-month-old fremont baby was when she fell from a third story window yesterday. firefighters say the baby landed in bushes outside her home in the 800 block of walnut avenue yesterday afternoon the baby was unconscious when she was airlifted to the hospital but breathing and crying on arrival. police say her mother wa
, republican house speaker john boehner will hold his own news conference. he's expected to tell us the republican position on avoiding the fiscal cliff. boehner says he's the most reasonable guy in washington and believes he can find common ground with the president. >>> they are still counting votes in florida from tuesday's election, but mitt romney's campaign advisor says president obama are will win the state. the romney campaign in florida says it only expects the president's lead in the state to grow as more ballots are counted. president obama of course won the election without florida's 29 electoral votes. >>> time 5:07. we have rain and wet roads and sal we have crashes. i don't think you're going to have friday light today. >> i'm still hoping but i think you might be right dave and pam. you should be especially careful on your way to work today. a ktvu photographer actually took some video of someone driving in the rain and this photographer, our photographer was driving out actually early, pounding rain on 880 a few hours ago. chp warns there are shrieky slick -- slick
congressional budget office says ignoring this fiscal crisis could throw merck back into a recession. john boehner called on the president to lead. >> this is his moment to engage the congress and work towards a solution that can pass both chambers. >> reporter: for the first time there looks to be signs of cooperation. a willingness to negotiate to find a solution. >> i'm not weighted to every detail of my plan. i'm open to compromise. i'm open to new ideas. >> reporter: the president invited congressional leaders of both parties to begin working on a plan. any balanced plan to reduce the deficit must ask the wealthiest of americans to pay more. in washington, jacqueline fell, ktvu, channel 2 news. >> a week ago a lot of people probably didn't know about the fiscal cliff. since the election it seems there are reports about it everywhere. rob roth tells us that seems to be creating a ground swell for action. you talked to a congresswoman about that this today. >> reporter: right. we're standing on 3rd avenue made up of mostly mom and pop shops just like main street usa. folks here say they
john boehner is standing his ground. >> you know, the american people this week didn't give us a mandate to simply do the simple thing. they elected us to lead. they gave us a mandate to work together to do the best for the country. >> reporter: both parties will have to compromise by the end of the area to avoid the "fiscal cliff." if they don't, the country faces a rollback of tax cuts as well as big cuts to defense and social practices. the main concern about the "fiscal cliff" is it could plunge us back into recession. already, president obama wants to end the tax cuts for the wealthiest americans. but the republicans want the cuts for everyone. so what about mitt romney? he has been on the campaign trail six years now. he says it's probably the end of his political career. he plans to spend more time with his family. he has a lot of family, five sons and 18 grandchildren and he has a 19th one on the way. so dana, i think he has his hands full. >> if he thinks he is going to get some rest, he's not. grace, thank you. >>> four million more hispanics were eligible to vote thi
will be confronting the guy who literally has more color than he has, john boehner. >> it is something, you have this big pressure, this great moment, but also the doubts and stuff going in, the win, of the loss, the fact that you can be out the door. someone says you won again. we have the "fiscal cliff" hanging over you, by the way. so get ready. you have 33 seconds. what's your play? you're going to go to be back in the corner. >> he hasn't thought about that at all. he was focused on whether or not he could justify the four previous years. he was not thinking about the four years forward. period. >> i have a question. just the exhaustion factor with romney and the president. the next day they must wake up and say, can i just go to the caribbean for a week? but you have to go back to work. >> the energy is gone. by the time you end at 8:00 on the night of the election at whatever station you happen to be, the energy leaves you. then you discover you didn't have it anyway. you were operating on adrenaline and what have you. so you have no idea the exhaustion of what you have gone through. the
to pay more. republican response from house speaker john boehner said proposed tax hikes on small business owners would cost america hundreds of jobs. >> can't just cut our way to pros peerty. if we are serious,we have to combine cuts with revenue and that means asking the wealthiest americans to pay a little more in taxes. >> here's the problem with that. raising those rates on january 1st would, according to the independent firm earns and young, destroy 700,000 american jobs. that's because many of those hit by the tax increase are small business owners. >>> the white house said the president would veto any bill from congress from extends tax cuts for families making $250,000 or more. boehner said he won't consider raising taxes but he would consider eliminating tax loopholes. >>> a hercules city council member faces possible censure on advertise on an abc news indication of unethical and abuse of power. she's in hot water for silencing a resident over blog posts that she believed was critical of her. council will continue a draft resolution accruing devara of interfering with a
compromise. already you've seen the president reach out to the other side. john boehner making comments that they also want to work together. but, again, this is the choice that we have been talking about over the last several months. spending cuts, tax increases. >> we should mention that we're also more renewed fears in europe, the greek debt crisis rearing its ugly head. >> absolutely. it's clear that greece cannot pay its bills. now we're thinking, okay, this is another pressure for the u.s. economy. so we're all waiting on some kind of compromise out of washington as well as some stability in europe. but for sure, we'll probably see some volatility going forward. doesn't really mean much, though, long-term. >> i was going to say, let's get some perspective. there was a huge drop after the president's election four years ago. but over the last four years, wall street has been up. >> that's right. over the long-term, you have to look at fundamentals. and the corporate sector right now is very strong. a lot of cash on the balance sheets, longer term earnings should be okay. but over t
connell and john boehner. can you help explain that? >> mitch mcconnell who runs the senate republican caucus, he's definitely playing the role of the bad cop in that he does not want to compromise at all on tax cuts, has taken a much more hard-line approach, has the bulk of his time talking to "the wall street journal" editorial page, basically speaking to the base. where you have speaker boehner talking in much more conciliatory tones and talking about getting a deal. i think that's going to be the dynamic. mitch mcconnell is up for re-election in 2014. in a very conservative state where it's not inconceivable the tea party would run somebody against him if he does not take a hard-line approach. people need to remember that as these negotiations unfold. for boehner, he wants a deal. i do want to comment a second on the interview you had with paul ryan. ryan might not think that there is a mandate, but the president does, congressional democrats do, and the public does, if you look at polling. and there's zero chance that the president is going to compromise on this, which is why i think there's
to be for raising taxes. but let's be clear. when john boehner says, i'm open to raising revenues, he had on the table a proposal to raise taxes. that's what it means when you're raising revenues. they can spin it any way they want, it's raising taxes by $800 billion. so the republican party, in a growing number of folks in the republican party, are on record for raising taxes. and they know the number's going to have to be above 800. that's the floor from last year. i think the actual number will be 1.2 which will be the middle ground between 800 and $1.6 trillion. you don't get to $1.2 trillion without either raising tax rates or changing how we tax investment, which is the reason that a lot of rich people end up paying a very low tax rate. people like mitt romney can pay an effective tax rate of 10% to 15% because so much of their income comes from long-term investment holdings. something has to give. you have to change those things if you want to raise that type of revenue. >> we've talked a lot about the tax side of this, but there's spending cuts that need to be dealt with. no one w
loopholes and lowers tax rates. >> house speaker john boehner gave the republican address this morning, saying shoring up entitlements and reforming the tax code will lead to more jobs and a stronger economy. both sides agree another recession will hit if the nation falls over this so-called fiscal cliff, which is a combination of automatic spending cuts and tax rate increases that are scheduled to kick in at the start of next year. >>> thousands of customers are still without power nearly two weeks after sandy hit, and now their utility might raise their rates. the ceo of con edison has said he is very sorry that some people have gone 12 days without power, but his company plans to hike utility rates for gas, steam, and electricity anyway. many are questioning the timing of such an increase. >> it seems crazy. i know they are probably dealing with an antiquated infrastructure, but i mean, shouldn't they have thought about this maybe down the road a little bit? >> i think it's outrageous, considering what people have gone through. >> if the public service commission approves the rate h
Search Results 0 to 30 of about 31 (some duplicates have been removed)

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